Equities researchers at KeyCorp started coverage on shares of Bandwidth (NASDAQ:BAND) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $29.00 price target on the stock. KeyCorp’s price target would indicate a potential upside of 28.32% from the stock’s previous close.

Separately, Robert W. Baird began coverage on Bandwidth in a research note on Tuesday. They set an “outperform” rating and a $28.00 price target for the company. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $29.80.

Bandwidth (BAND) traded up $0.23 during mid-day trading on Tuesday, hitting $22.60. The stock had a trading volume of 280,858 shares, compared to its average volume of 296,112. Bandwidth has a 1-year low of $18.05 and a 1-year high of $24.15.

In other news, major shareholder James A. Bowen sold 158,526 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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Bandwidth Company Profile

Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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